Methods and systems for check processing

• US 20040044606A1
• Filed: 03/03/2003
• Published: 03/04/2004
• Est. Priority Date: 08/09/2001
• Status: Abandoned Application

• Current Assignee: Golub Corporation
• Original Assignee: Golub Corporation
• Inventors: Gulli, Michael A., Comstock, Ronald N., Buttridge, Kelly A., Friedman, Lawrence J.
• Application Number:
  US10/378,283
• Publication Number:
  US 20040044606A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06K 17/00 Methods or arrangements for effecting co-operative working between equipments covered by two or more of main groups G06K1/00 - G06K15/00, e.g. automatic card files incorporating conveying and reading operations
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A check processing technique at a point-of-sale uses a check in which a payor signs the check and indicia is automatically printed on the check indicating that the physical check is no longer negotiable. A system may include a point-of-sale terminal or cash register which is connected to a check imager, a MICR (magnetic ink character recognition) reader, and a printer. In one embodiment a method for enabling check processing includes receiving and storing a transaction amount, checking account information from the check, and an electronic image of the check having the payor'"'"'s signature and indicia automatically printed on the check indicating that the physical check is no longer negotiable. The transaction amount and the checking account information may be forwarded for settlement.

Claims

1. A method for enabling electronic check processing of a transaction at a point-of-sale, the method comprising:

receiving a transaction amount;

receiving checking account information from a physical check; and

receiving an electronic image of the physical check with printed first indicia that the physical check is no longer negotiable.

2. The method of claim 1 wherein the printed first indicia comprises a printed word “

VOID”

.

3. The method of claim 1 wherein the printed first indicia comprises a printed phrase “

ELECTRONICALLY CONVERTED”

.

4. The method of claim 1 wherein the receiving checking account information comprises receiving checking account information from the physical check being partially completed by a payor.

5. The method of claim 1 wherein the receiving checking account information comprises receiving checking account information from the physical check having only a payor'"'"'s signature thereon.

6. The method of claim 1 wherein the receiving checking account information comprises receiving checking account information from a blank physical check.

7. The method of claim 1 further comprising automatically printing the printed first indicia on the physical check indicating that the physical check is no longer negotiable.

8. The method of claim 7 further comprising automatically printing second indicia on the physical check regarding the transaction at the point-of-sale, and the receiving the electronic image comprises receiving the electronic image of the physical check with the printed second indicia regarding the transaction.

9. The method of claim 8 wherein the automatically printing the second printed indicia comprises automatically printing a payee, a date, a numerical amount of the transaction, and a written amount of the transaction.

10. The method of claim 1 further comprising determining whether the payor of the physical check has check cashing privileges.

11. The method of claim 1 further comprising returning the physical check to the payor.

12. The method of claim 1 further comprising storing a plurality of transaction amounts, a plurality of checking account information, and a plurality of electronic images, and transferring as a batch the plurality of transaction amounts, the plurality of checking account information, and plurality of electronic images to a warehouse data storage unit.

13. A method for enabling electronic check processing of a transaction at a pointof-sale, the method comprising:

receiving a transaction amount;

receiving a physical check having only a payor'"'"'s signature;

receiving checking account information from the physical check;

automatically printing on the physical check a payee, a date, and an amount of the transaction;

automatically printing indicia on the physical check indicating that the physical check is no longer negotiable;

receiving an electronic image of the physical check with the payor'"'"'s signature, the payee, the date, the amount of the transaction, and the indicia that the physical check is no longer negotiable; and

returning the physical check to the payor.

14. A method for electronic check processing, the method comprising:

receiving a transaction amount;

receiving checking account information from a physical check;

receiving an electronic image of the physical check with printed first indicia that the physical check is no longer negotiable; and

forwarding the transaction amount and the checking account information for settlement.

15. The method of claim 14 wherein the printed first indicia comprises a printed word “

VOID”

.

16. The method of claim 14 wherein the printed first indicia comprises a printed phrase “

ELECTRONICALLY CONVERTED”

.

17. The method of claim 14 wherein the receiving checking account information comprises receiving checking account information from the physical check being partially completed by a payor.

18. The method of claim 14 wherein the receiving checking account information comprises receiving checking account information from the physical check having only a payor'"'"'s signature thereon.

19. The method of claim 14 wherein the receiving checking account information comprises receiving checking account information from a blank physical check.

20. The method of claim 14 further comprising automatically printing the printed first indicia on the physical check indicating that the physical check is no longer negotiable.

21. The method of claim 20 further comprising automatically printing second indicia on the physical check regarding the transaction at the point-of-sale, and the receiving the electronic image comprises receiving the electronic image of the physical check with the printed second indicia regarding the transaction.

22. The method of claim 21 wherein the automatically printing the second printed indicia comprises automatically printing a payee, a date, a numerical amount of the transaction, and a written amount of the transaction.

23. The method of claim 14 further comprising determining whether the payor of the physical check has check cashing privileges.

24. The method of claim 14 further comprising returning the physical check to the payor.

25. The method of claim 14 further comprising storing a plurality of transaction amounts, a plurality of checking account information, and a plurality of electronic images, and transferring as a batch the plurality of transaction amounts, the plurality of checking account information, and plurality of electronic images to a warehouse data storage unit.

26. The method of claim 14 wherein the forwarding comprises forwarding a plurality of transaction amounts and a plurality of checking account information as a batch for settlement.

27. The method of claim 14 wherein the forwarding comprises generating an electronic check posting transaction request from the transaction amount and the checking account information, and forwarding the electronic check posting transaction request for settlement.

28. The method of claim 14 further comprising storing electronic information regarding settlement of the check posting transaction request.

29. A method for electronic check processing, the method comprising:

receiving a transaction amount;

receiving a physical check having only a payor'"'"'s signature;

receiving checking account information from the physical check;

automatically printing on the physical check a payee, a date, and an amount of the transaction;

automatically printing indicia on the physical check indicating that the physical check is no longer negotiable;

receiving an electronic image of the physical check with the payor'"'"'s signature, the payee, the date, the amount of the transaction, and the indicia that the physical check is no longer negotiable;

returning the physical check to the payor; and

forwarding the transaction amount and the checking account information for settlement.

30. A method for warehousing information relating to check transactions, the method comprising:

storing in at least one data storage unit a transaction amount, checking account information from a physical check, and an electronic image of the physical check with printed first indicia that the physical check is no longer negotiable.

31. The method of claim 30 wherein the printed first indicia comprises a printed word “

VOID”

.

32. The method of claim 30 wherein the printed first indicia comprises a printed phrase “

ELECTRONICALLY CONVERTED”

.

33. The method of claim 30 wherein the electronic image comprises an electronic image of the physical check having the payor'"'"'s signature and second indicia automatically printed on the physical check at the point-of-sale regarding the transaction.

34. The method of claim 33 wherein the second indicia automatically printed on the physical check comprises a payee, a date, a numerical amount of the transaction, and a written amount of the transaction.

35. A method for electronic check processing, the method comprising:

forwarding an electronic image of a physical check with printed first indicia that the physical check is no longer negotiable for settlement.

36. The method of claims 35 wherein the forwarding comprises generating a printed image of the electronic image, and forwarding the printed image for settlement.

37. A system for enabling electronic check processing at a point-of-sale, said system comprising:

a processor for receiving a transaction amount, checking account information from a physical check, and an electronic image of the physical check having first indicia indicating that the physical check is no longer negotiable; and

said processor being operable to at least one of a) transfer the transaction amount, the checking account information and the electronic image to a data storage unit, and b) forward the transaction amount and the checking account information for settlement.

38. The system of claim 37 wherein the electronic image comprises the physical check having the payor'"'"'s signature and second indicia automatically printed on the physical check at the point-of-sale regarding the transaction.

39. The system of claim 37 further comprising a MICR reader for obtaining the checking account information from the physical check, a printer for printing the indicia on the physical check, and a scanner for obtaining the electronic image of the physical check.

40. The system of claim 37 wherein said processor is operable to forward the transaction amount and the checking account information over a communications network for settlement.

41. A system for enabling electronic check processing at a point-of-sale, said system comprising:

a cash register;

a MICR reader;

a printer;

a scanner; and

a processor operable to receive a transaction amount from said cash register, receive checking account information from said MICR reader regarding a physical check, print first indicia on the physical check with the printer indicating that the physical check is no longer negotiable, and receive an electronic image from the scanner of the physical check having the printed indicia.

42. The system of claim 41 wherein said processor is operable to print second indicia on the physical check comprising printing a payee, a date, and an amount of the transaction.

43. The system of claim 41 wherein said processor is operable to transfer the transaction amount, the checking account information, and the electronic image to a data storage unit.

44. The system of claim 41 wherein said processor is operable to generate a check posting transaction request from the transaction amount and the checking account information.

45. The system of claim 41 wherein said processor is operable to forward the transaction amount and the checking account information over a communications network for settlement.

46. At least one program storage device readable by a machine, tangibly embodying at least one program of instructions executable by the machine to perform a method for enabling check processing at a point-of-sale, the method comprising:

receiving a transaction amount;

receiving checking account information from a physical check;

automatically printing indicia on the physical check indicating that the physical check is no longer negotiable; and

receiving an electronic image of the physical check having the printed indicia.

47. An article of manufacture comprising:

at least one computer usable medium having computer readable program code means embodied therein for use in check processing, the computer readable program code means in said article of manufacture comprising;

computer readable program code means for causing a computer to receive a transaction amount;

computer readable program code means for causing a computer to receive checking account information from a physical check;

computer readable program code means for causing a computer to automatically print indicia on the physical check indicating that the physical check is no longer negotiable;

computer readable program code means for causing a computer to receive an electronic image of the physical check with the indicia; and

computer readable program code means for causing a computer to at least one of a) transfer the transaction amount, the checking account information and the electronic image to a data storage unit, and b) forward the transaction amount and the checking account information for settlement.